Business Standard

Gitanjali Gems Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

331.50 cr

Price Range (₹)

195

Lot Size

35

Min Investment (₹)

6,825.00

Listing Exchange

MumbaiNSE

Open Date

16-Feb-2006

Close Date

21-Feb-2006

Listing Date

10-Mar-2006

Gitanjali Gems Ltd News

    The Shares of Gitanjali Gems Ltd have now been listed.

    Gitanjali Gems Ltd IPO Details

    Public issue of 17,000,000 equity shares of Rs.10 each of Gitanjali Gems Limited (Gitanjali Gems or the Company or the Issuer) for cash at a price of Rs.195 per equity share, aggregating Rs.331.5 crores (the Issue). 150,000 equity shares of Rs.10 each will be reserved in the issue for subscription by permanent employees and directors of the company who are Indian nationals and are based in india (the Employee Reservation Portion, and the issue of equity shares other than the Employee Reservation Portion, the Net Issue).The face value of the equity shares is Rs.10. The issue will constitute 28.81% of the fully diluted post-issue capital of the company.The issue price is 19.5 times of the Face Value

    Objective of issue

    Investment in subsidiaries, JVs & Associate Co.. Capital exp. for expansion of retail operations. Setting up a diamond manufacturing facility. Setting up a jewellery manufacturing facility. Setting up an additional jewellery manu. facility. Expansion of the existing jewellery manu. facility. Working capital purposes. Future aquisitions and general corporate purposes.

    Gitanjali Gems Ltd Contact Details

    Gitanjali Gems Ltd, 46,Avenue 4, Street No 1, Banjara Hills, Hyderabad - 500034

    Phone - 91-040-23431546/49

    Fax - 91-40-23431551

    Email - investors@gitanjaligroup.com

    Website - www.gitanjaligroup.com